Today in Crypto Hyperliquid has carried out the everlasting futures connected to the Jelly token and “provides evidence of suspicious market activities”. A polymarket pool with a possible mineral agreement with US Ukraine led to a unsuitable solution after a whale-controlled coordination. In the meantime, the US Securities and Exchange Commission has announced plans to prepare 4 more crypto -roundtables.
Hyperliquid deletes Jelly perpetrators, citing the “suspicious” activity
Hyperliquid has accomplished everlasting futures with the Jelly token after he has determined “evidence of suspicious market activities” with the trade instruments, in line with the blockchain network.
The Hyper Foundation, the non -profit organization of Hyperliquid's ecosystem, will reimburse most affected users for all losses in reference to the incident, Hyperliquid said in a post on March 26 on the X platform.
“Apart from marked addresses, all users are comprised of the Hyper Foundation whole,” said Hyperliquid. “This will likely be done mechanically in the approaching days, based on Onchain data.”
Hyerliquid added that the first liquidity pool of Perpetual Exchange, HLP, has achieved a positive net income of around 700,000 USD previously 24 hours.
The incident began when a dealer “opened an enormous short position of USD 6 million on Jellyjell” after which “deliberately liquidated by pumping Jellyjelly's price for chain,” said Ababi, founding father of Web3 Company AP Collective, in an X-Post.
If Hyperliquid had not closed the position, the exchange in perpetuals would “have full liquidation if Jellyjelly reaches 150 million US dollar MCAP,” added ABRI.
Source: hyperliquid
Gracy Chen, CEO of Cryptocurrency Exchange Bitget, later criticized Hyperliquid's handling of the incident and said it was the chance of becoming “FTX 2.0”.
The decision to delete existing concerns regarding the perceived centralization of the favored network by the consensus among the many relatively small variety of hyperliquid validators.
“Although hyperliquid is a brave vision as an revolutionary decentralized exchange, he works more like an offshore [centralized exchange]”, Said Chen, after saying,” Hyperliquid might be on the best track to grow to be FTX 2.0. “
Polymarket is about 7 million US dollar Ukraine Mineral Deal Wette before examining over 7 million US dollars
Polymarket, the world's largest decentralized prediction market, is under fire after a controversial result was concerned in regards to the potential manipulation of governance manipulation in a political bet with high missions.
A betting market on the platform asked whether the US President Donald Trump would accept a mineral contract with rare earth before April. Despite such an event, the market was populated as “yes” and triggered a counter response from users and industry observers.
This can indicate a “governance attack” during which a whale from the UMA protocol “used its voice authority to govern the oracle and enable the market to settle false results and successfully,” said the crypto threat researcher Vladimir S.
“The Tycoon has thrown 5 million tokens on three accounts and made 25% of the full votes. Polymarket strives to stop this again,” he wrote in a post on March 26.
Source: Vladimir S.
Polymarket uses the UMA Protocol blockchain oracles for external data to surround the market results and confirm real events.
Polymarket data show that the market has accrued greater than 7 million US dollars in trading volume before setting itself on March twenty fifth.
Ukraine/US mineral -Deal -Deteal -Detal -Batzpool on Polymarket. Source: polymarket
SEC plans 4 more crypto -roundtable
The US Securities and Exchange Commission announced on March 25 that it will organize 4 other crypto -roundtables that think about crypto handle, custody, tokenization and decentralized financing (defi) after organizing their first crypto -roundtable on March 21.
The roundtables were organized by the agency's Crypto Task Force and can begin a discussion on April 11 with a discussion about the variation of the ordinance on the cryptoandel.
Plenty of 4 crypto -roundtable discussions are planned from April to June. Source: sec
The specific agenda and spokesman for each round table still need to be disclosed, but a round table in crypto -will follow on April twenty fifth. Another to debate the tokenization and the postponement of assets Aufchain on May twelfth. The fourth roundtable within the series will likely be discussed on June sixth.
“The roundtables of the Crypto Task Force are a possibility for us to listen to a full of life discussion under experts about what the regulatory problems are and what the Commission can do to unravel it,” said the Sec -Commissioner Hester Peirce, the pinnacle of Task Force.
